November 15, 2012 / 1:40 AM / 5 years ago

Li & Fung sees double-digit drop in organic growth in Europe

HONG KONG, Nov 15 (Reuters) - Li & Fung Ltd, a manager of supply chains for global retailers including Wal-Mart Stores Inc and Target Corp, said on Thursday it expects single-digit organic growth in the United States, but a double-digit drop in Europe.

The company gave the forecast to analysts during a business update, although it did not provide a time frame.

Shares of Li & Fung were down nearly 2 percent in Hong Kong, lagging a 1.2 percent drop in the broader index. (Reporting By Donny Kwok; Editing by John Mair)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below